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New Enhancements to OMERS Benefits – What Employers Need to Know
Recently approved pension changes to the Ontario Municipal Employees Retirement System may increase employer pension costs and have impacts on workforce management. The OMERS Sponsors Corporation recently completed a Comprehensive Plan Review, which involved consideration of several proposed changes to the plan design and benefits.
Bill 57 Referred to Committee – Note Short Deadline for Making Submissions
On November 28, 2018, Bill 57, the Restoring Trust, Transparency and Accountability Act, 2018, was referred to the Standing Committee on Finance and Economic Affairs (Committee). The Committee will meet on Monday December 3, 2018 for public hearings on the Bill. Any request to appear before the Committee must be submitted to the Clerk of…
FTR Now on Significant Reforms to Pension and Employment-Related Statutes Mentioned in Benefits and Pensions Monitor
An FTR NowM written by Hicks Morley’s Natasha D. Monkman, Paul E. Broad was mentioned in the November 26, 2018 Benefits and Pensions Monitor Daily News Alert. The alert emphasizes the implementation of variable benefits accounts described in the FTR Now titled “The Outlook is More Change: Ontario Proposes Significant Reforms to Pension and Employment-Related Statutes.“
New Regulations Filed Under Labour Relations Act, 1995 – Arbitration Awards to be Made Publicly Available
On November 21, 2018, the Ontario government filed two regulations made under the Labour Relations Act, 1995 (LRA). The first regulation is made further to the repeal by Bill 47, Making Ontario Open for Business Act, 2018 of certain provisions of the LRA, previously enacted by Bill 148, Fair Workplaces, Better Jobs Act, 2017 (Bill…
Federal Government Issues Fall Economic Statement
On November 21, 2018, the federal government issued its Fall Economic Statement 2018, “Investing in Middle Class Jobs” (Statement). Among other things, the Statement: reiterates the Budget 2018 commitment of an evidence-based approach towards addressing retirement security and announces that targeted consultations will soon be launched as the government continues to explore ways to enhance…
Legislation Reversing Parts of Bill 148 Passes
On November 21, 2018, Bill 47, the Making Ontario Open for Business Act, 2018, as amended by the Standing Committee on Finance and Economic Affairs, passed Third Reading…
The Outlook is More Change: Ontario Proposes Significant Reforms to Pension and Employment-Related Statutes
The Ontario government’s Economic Outlook and Fiscal Review (Fiscal Review) and supporting omnibus legislation, Bill 57, the Restoring Trust, Transparency and Accountability Act, 2018 (Bill 57), propose a number of significant reforms and initiatives to pension, benefit, tax and employment-related legislation that will impact your workplace and pension plan administration. Bill 57 also contains proposals related specifically to fire services, which were outlined in our prior communication, Ontario Government Tables Legislation Impacting Bargaining and Interest Arbitration in the Fire Sector.
Ontario Proposes Significant Reforms to Pension and Employment-Related Statutes
On November 15, 2018, the Ontario government introduced Bill 57, the Restoring Trust, Transparency and Accountability Act, 2018, omnibus legislation supporting key reforms outlined in the 2018 Ontario Economic Outlook and Fiscal Review (Fiscal Review), titled, “A Plan For the People,” which was also released on that date.
Ontario Government Tables Legislation Impacting Bargaining and Interest Arbitration in the Fire Sector
On November 15, 2018, the Ontario government introduced Bill 57, Restoring Trust, Transparency and Accountability Act, 2018 (Bill 57), omnibus legislation giving effect to initiatives found in its 2018 Ontario Economic Outlook and Fiscal Review. If passed, Schedule 18 of Bill 57 will amend the Fire Protection and Prevention Act, 1997 (FPPA) to, among other things, address collective bargaining and interest arbitration in the sector, and enhance protections for volunteer firefighters engaged in “two hatting.”